论文部分内容阅读
本文运用格兰杰因果检验法和双对数线性回归模型对我国货币政策与小微企业融资之间的关系进行了实证分析。研究结果表明,央行调整存款准备金率或贷款基准利率,可以引起小微企业贷款余额的变化。大型金融机构存款准备金率与小微企业贷款余额呈负相关关系。中小型金融机构存款准备金率、各项贷款总余额与小微企业贷款余额呈正相关关系。因此,本文提出理顺金融改革思路、科学利用窗口指导、继续推进利率市场化改革等政策建议。
This article uses Granger causality test and double logarithm linear regression model to make an empirical analysis of the relationship between China’s monetary policy and the financing of small and micro enterprises. The results show that the central bank to adjust the deposit reserve ratio or loan benchmark interest rates, can cause changes in small and micro business loans. The deposit reserve ratio of large financial institutions is negatively related to the balance of loans to small and micro enterprises. The deposit reserve ratio of small and medium-sized financial institutions, the total balance of loans and the loan balance of small and micro enterprises have a positive correlation. Therefore, this paper puts forward some policy recommendations such as straightening out the thoughts of financial reform, using window guidance scientifically, and continuing to promote market-based interest rate reform.